Chinese High Speed Rails in the U.S.: Will Buffett's Burlington Bite?

[Guest ValueCarl]

Or, has he already tacitly blessed committing to such "trade exchange" ideas? I believe the latter, while being hopeful these technologies do not resemble other "Made in China" fiascoes such as tires, toys or name your product! imo     

 

BEIJING (AP) -- China plans to bid for contracts to build U.S. high-speed train lines and is stepping up exports of rail technology to Europe and Latin America, a government official said Saturday.

 

China has built 4,000 miles (6,500 kilometers) of high-speed rail for its own train system and President Barack Obama issued a pledge in November with his Chinese counterpart, Hu Jintao, to cooperate in developing the technology.

 

"We are organizing relevant companies to participate in bidding for U.S. high-speed railways," Wang Zhiguo, a deputy railways minister, told a news conference.

 

http://finance.yahoo.com/news/China-to-bid-on-US-highspeed-apf-4135137999.html?x=0&sec=topStories&pos=7&asset=&ccode=